WSJ reported that Adani Group firms were probed by US prosecutors over Iranian LPG imports via the Mundra port. Iran’s oil trade has long been subject to sanctions by Washington.
Iranian Ambassador to India Ali Chegeni has said Tehran may look at other markets to procure soymeal, rice if India does not resume normal trade ties with Iran.
As discounted Russian barrels increasingly flow to China, Indian refiners lift more from Saudi Arabia, Iraq and the UAE, while also eyeing Venezuelan cargoes to diversify risk.
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